Gold Spot / U.S. Dollar
Short
Updated

Gold price breaks sideway price zone 3264, downtrend

236
XAU / USD trend forecast MAY 1, 2025

⚠️Gold prices (XAU/USD) extended their decline during early Asian trading on Thursday, slipping toward the $3,245 mark — a level approaching a two-week low — as easing tensions between the United States and China continued to sap demand for the safe-haven asset. The retreat in bullion reflects growing investor optimism following comments by President Donald Trump, who stated there is a "very good probability" that the U.S. and China will reach a trade agreement, provided it aligns with American interests. This renewed sense of progress in trade negotiations has improved global risk sentiment, driving capital flows away from defensive assets and into riskier investments. As a result, the U.S. Dollar gained additional strength, further dampening demand for gold, which becomes relatively more expensive for international buyers when the greenback appreciates.

⚠️ Gold price officially broke the sideway price zone of 3267, falling to 3235, officially confirming the downtrend. The correction is still continuing towards 3195 today.

🚨/// SELL XAU : zone 3262-3265

SL: 3270

TP: 50 - 100 - 300pips ( 3235 )


🚨/// BUY XAU : zone 3192-3195

SL: 3187

TP: 50 - 100 - 300pips ( 3222 )



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Gold price accumulated below 3230, the trend of reducing the important news NF tomorrow

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